DeKalb Times

DeKalb Times

Monday, October 14, 2019

Former state university employee Miller paid in $88K to pension fund, could collect $2.18M in retirement

Schools

By Local Labs News Service | Jun 1, 2017


Former state university employee Rosalie Miller, who retired in May 2017, saved $88,270 toward a pension over 33 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Miller would collect as much as $2.18 million, according to a projection by Local Government Information Services (LGIS), which publishes DeKalb Times.

The projection assumes Miller received $45,882 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 2 years of retirement, Miller will have already received $93,140 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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